The S&P is coming up to significant technicals: Previous Highs, which also include resistance for a Wedge Pattern, as well as a potential ellipse. Breaking up through these offers technical trigger considerations for a move to the next significant technical level and confluence. Several other long-term significant technicals can also be seen above the market,...
Updated from the original publish 2 days ago, Gold drops through target at T and has broken through the significant purple s/r zone. Another target can be seen lower and we are watching for a potential pause (consolidation) from the multiple trend supports that can be seen. A retest of the zone that has just been moved through would be normal market movement. ...
The recent sideways consolidation from Gold looks ready to end soon. Targets at G and Y can be seen as likely places for Gold to move to. If the market is wanting to move to G, it will need to break the significant purple support / resistance zone to do so and this offers a technical trigger consideration if broken through. For the market to make it to G on...